The main hourly wave count from our previous analysis which expected a trend change never reached the confirmation point and was subsequently invalidated which resulted in the alternate hourly wave count being confirmed.

The Dollar moved lower and reached .22 points above the downwards target and we expect it is continuing towards the target from our previous alternate hourly wave count which is now our main and only hourly wave count today.

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The Dollar moved lower over the last week but this was expected as a correction was due and that is all we expect the downwards movement to be.

The alternate hourly wave count was confirmed and the Dollar continued lower to our first target.

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The Dollar continued lower as our main wave count from our last analysis expected. The alternate hourly wave count was invalidated providing us with more confidence in the main wave count.

We may have seen a trend change today.  Our main wave expects to see the down trend continue while the alternate expects further upwards movement.

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